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SBM Offshore reports record US$1.9 billion earnings in 2024

OilNOW -
SBM Offshore reported a record directional EBITDA (earnings before interest, taxes, depreciation, amortization) of US$1.9 billion for 2024, a 44% increase from the previous year. The earnings were driven in part by ExxonMobil’s purchases of the Prosperity and Liza Destiny...
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Brazil’s first FPSO unit with Sustainability-1 Notation starts production – SBM Offshore

OilNOW -
SBM Offshore said the Almirante Tamandaré is formally on hire as of February 16. The floating production, storage and offloading (FPSO) vessel is the first in Brazil to have the Sustainability-1 Notation from Bureau Veritas. The Notation recognizes the Company’s...
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Guyana’s local content app to be launched on Friday at major SBM Offshore supplier event 

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Guyana’s Local Content Secretariat (LCS) will launch its App on Friday, Feb 21, at SBM Offshore Guyana's Let's Talk Local Content forum. The event will cap off an exciting week of engagement on oil and gas activities at the...
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Gas Development: Exxon says additional power generation, alumina processing, fertilizer manufacturing and data centers on the radar

Shikema Dey -
Interest in the development of gas resources offshore Guyana is ramping up as evidenced by the day two presentations at the Guyana Energy Conference and Supply Chain Expo. The conversation shifted to how the new oil producing country can...
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With more associated gas found in Stabroek Block, Exxon can now supply Guyana with 120 million cubic feet of gas – new Deepwater VP

Shikema Dey -
ExxonMobil said it has identified more associated gas resources in Guyana’s Stabroek Block to more than double its intended supply for the Gas-to-Energy project. J Hunter Farris, Exxon’s Senior Vice President, Deep Water made the announcement during a presentation at...
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Exxon targeting pipeline for gas resources at proposed Hammerhead project

OilNOW -
ExxonMobil plans to pipe gas from the proposed Hammerhead development project to shore. This will provide an additional gas supply to support Guyana’s plans to expand its Gas-to-Energy (GtE) project.  The Environmental Protection Agency (EPA) on Monday published the Hammerhead...
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SBM Offshore to study carbon capture solutions for Petrobras FPSOs

OilNOW -
SBM Offshore has secured a contract to study carbon capture solutions for Petrobras' future floating production, storage, and offloading (FPSO) units. The study will evaluate the design and commercial feasibility of various carbon capture system configurations for FPSOs operating...
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Trinidad hopeful new exploration will uncover nearly 60 tcf of gas

Shikema Dey -
Trinidad and Tobago is optimistic about new exploration efforts that could unlock nearly 60 trillion cubic feet (tcf) of natural gas.  “Exploration resources stand at 58.84 tcf and offer much promise for the exploration to be undertaken by successful companies...
News

Over 600 students converge at National Sports Hall for SBM Offshore Guyana’s Mousetrap Competition 

Shikema Dey -
Energy filled the National Sports Hall as teams from 12 secondary schools across Guyana competed on Thursday for first place at the 3rd Guyana-Monaco Mousetrap Car Grand Prix competition, the largest ever since its inception.  Paramakatoi Secondary, Abram Zuil Secondary...
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Suriname must reject complacency as it prepares for first offshore oil development – Santokhi

OilNOW -
Suriname’s President Chandrikapersad Santokhi says the country must reject complacency and a culture that tolerates mistakes as it prepares for its first offshore oil development. “As a nation, we must reject the mentality that accepts mistakes and shortfalls as usual,”...
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Saipem targets local content growth in logistics, fabrication for Suriname oil project

PARAMARIBO, SURINAME – Saipem is setting the stage for major local content contributions in Suriname through its work on...

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